AXQ Capital LP bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 4,667 shares of the company's stock, valued at approximately $353,000.
A number of other institutional investors and hedge funds also recently modified their holdings of PLTR. State Street Corp raised its stake in Palantir Technologies by 96.4% during the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after buying an additional 40,498,024 shares during the period. Geode Capital Management LLC raised its position in shares of Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock worth $1,777,568,000 after purchasing an additional 16,598,253 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Palantir Technologies by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,042,855 shares of the company's stock valued at $986,431,000 after purchasing an additional 655,815 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Palantir Technologies by 10.9% in the 4th quarter. Bank of New York Mellon Corp now owns 12,843,672 shares of the company's stock valued at $971,367,000 after purchasing an additional 1,262,479 shares during the period. Finally, FMR LLC increased its stake in Palantir Technologies by 8.8% during the 3rd quarter. FMR LLC now owns 12,478,281 shares of the company's stock worth $464,192,000 after purchasing an additional 1,004,603 shares in the last quarter. 45.65% of the stock is owned by institutional investors.
Palantir Technologies Stock Down 2.4 %
Shares of PLTR stock traded down $2.19 during trading on Thursday, reaching $90.09. 82,518,616 shares of the company's stock were exchanged, compared to its average volume of 66,663,733. Palantir Technologies Inc. has a twelve month low of $20.33 and a twelve month high of $125.41. The firm's fifty day moving average price is $91.28 and its 200-day moving average price is $68.54. The stock has a market capitalization of $211.29 billion, a PE ratio of 474.18, a PEG ratio of 10.84 and a beta of 2.81.
Insider Buying and Selling at Palantir Technologies
In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the transaction, the insider now directly owns 170,273 shares in the company, valued at $12,681,933.04. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,379,785 shares of company stock worth $281,528,938 over the last ninety days. Insiders own 12.93% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on PLTR. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Robert W. Baird lifted their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Northland Securities boosted their target price on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $74.45.
Get Our Latest Stock Report on PLTR
Palantir Technologies Profile
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Free Report)
Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.
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